October 11, 2008

RBCT exports 5 million tonnes in February 2008

Richards Bay Coal Terminal exported 5.07 million tonnes of coal in 51 vessels in February, an improvement on the 3.5 million tonne it exported in 44 vessels in January 2008.

Although exports picked up in February 2008 they are still down on February 2007 when RBCT managed to export 6.2 million tonne of coal in 61 vessels.

The terminal had stocks of 2.87 million tonnes at the end of February compared with stocks of 2.6 million tonnes at the end of January, according to statistics released by RBCT.

Coal market participants have expressed concern at the terminal's recent patchy export performance.